Well I never had a 1st gen touch but I'm starting to really love my new 2nd gen 32GB touch. The external speaker is great for reviewing music in the iTunes store and also viewing YouTube. I like to have most of my music collection available too, so although 32GB is still a bit slim it's the biggest available yet. The new styling of the iPod Touch is very slick too, feels great on the hand but whether that is a deciding factor is up to you.